Bankoff, a company that offers virtual cards that can be topped up with bitcoin, has informed users that Visa and Stripe no longer support their cards. After big processors banned their services in Russia, they permitted Russians to pay abroad.
Several US politicians, as well as an SEC commissioner, have expressed reservations about the securities regulator's decision to expand its crypto enforcement team. 'The Securities and Exchange Commission is a regulator with an enforcement division, not an enforcement agency.'
Bentley University, a private university in Waltham, Massachusetts, has announced that it would now accept digital currencies as payment for tuition. The president of Bentley University stated that the institution has been 'at the vanguard in producing business leaders' and that the staff is 'glad to embrace' the technologies that its students are learning about today.
The prominent Russian payment processor Qiwi has allegedly been hacked by a hacking gang related to the Anonymous movement. The corporation has refuted Network Battalion 65's assertion that it was able to obtain access to the platform's databases via social media.
Bitcoin was slightly higher on Wednesday, as crypto markets recovered their green before the Fed meeting. In today's session, ETH also recovered, moving away from its long-term support level.
It's been six months, or around 180 days, since bitcoin hit an all-time high of $69K per unit on November 10, 2021, and the USD value of bitcoin has dropped 45 percent since then. Typically, once bitcoin's price peaks, it enters a bear market that sees its value plummet by 80 percent or more. However, given the recent price peak mirrors the expansion from April to November 2013, bitcoin's subsequent negative downturn may not be as significant this time.
Crypto-backed mortgages, according to a research released on May 2 by the rating agency Weiss Ratings,'spell risk.' Weiss editor Jon D. Markman called backing a mortgage with cryptocurrency a 'interesting approach,' but cautioned that 'investors should be wary' in these market conditions.
100,000 Cubans are leveraging crypto assets, according to a report from the National Broadcasting Company (NBC), a broadcast television and radio network. According to the report, growing crypto usage is attributable to the fact that Cubans are unable to utilize certain payment methods due to US sanctions.
'Cryptocurrencies have clearly established themselves as a new asset class and it genuinely is something that people can't ignore,' says an official at Wisdomtree, an asset management business with $78 billion under management. 'We are passed the point where there is speculation about whether or not this is a trend that will stick around,' he added.
A serving military captain and the operator of a cryptocurrency exchange were recently arrested in South Korea on suspicion of espionage for a North Korean hacker. The two South Koreans were allegedly paid a total of $637,789 in bitcoins in exchange for their espionage activities.